Wednesday, March 2, 2016

Deposits in Najib Bank Accounts Topped $1 Billion, WSJ Says - Bloomberg Business

Deposits in Najib Bank Accounts Topped $1 Billion, WSJ Says - Bloomberg Business: "Malaysian Prime Minister Najib Razak received more than $1 billion in his private bank accounts between 2011 and 2013, according to the Wall Street Journal.
There was more money in the accounts than the previously known $681 million which appeared before the 2013 general election, the paper reported, citing two people it didn’t identify.
Investigators in two countries believe the $681 million originated from state investment company 1Malaysia Development Bhd.,rather than a personal donation from Saudi Arabia as stated by Malaysian authorities, it said, citing people familiar with the global probes.
The Wall Street Journal didn’t give details on the funds that were deposited in 2011 and 2012. It reported that investigators said two former Abu Dhabi officials helped move the $681 million through complex transactions across several countries before it entered Najib’s accounts."



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